The trend of SOL is also stronger than Bitcoin, similar to the trend of Ethereum, both showing a long bullish candle with upper and lower shadows. The price is still falling towards the MA120 line, gaining support before forming a rebound trend at the hourly level, indicating that the support strength of the MA120 line is still relatively strong.
Currently, there is an initial phase bottoming pattern appearing, with the MACD showing a weakening downward momentum near the zero line, making slight adjustments, and there is still a wave of upward momentum at the daily level.
This daily level rise can see the range of 210-220, followed by a pullback adjustment. The short-term profit-taking position can be placed in this range.
Next, we will see who between SOL and ETH finishes adjusting first and leads the rise.
Daily level resistance at 210.3-225.2-240-270, support at 178.2-169.3-152.3-168.5
At the hourly level, there is a 3-hour pullback encountering the pressure of the 3-hour EMA52 line, forming a downward pullback trend.
In the short term, you can short at 198.3 and long at 184 and 175.
From the SOL liquidation heat map, it can be seen
Price is rising, and there are still some short positions waiting for liquidation in the 193.6-196 area.
Price is falling, and there are still some large long positions waiting for liquidation in the 180.2-172.2 area.
